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How will the bank or the PD bid on behalf of his non-competitive bidders?

April 26, 2017Bank behalf bid bidders non-competitive PD

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How will the bank or the PD bid on behalf of his non-competitive bidders?

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Each bank or PD will, on the basis of firm orders, submit a single bid for the aggregate amount of non-competitive bids on the day of the auction. The bank or PD will furnish details of individual customers, viz., name, amount, etc. along with the application.